It's time for all the kids to get in the sandbox and play nice and get along. I think you'll hear more in the next few weeks. |
The mill is losing money. Is someone going to buy the mill to lose money? They are going to pay money and expect to make a return. |
The stock (Monday) is trading higher than I think it's been in a long while. |
They've got the takeover defenses to make this a very long process or very impossible. But the kind of offer Obsidian made --- a high dollar amount -- you can see that they're not in this for a three-year battle. |
They've kind of acknowledged that Obsidian has got a pretty interesting strategy. The whole conversion into a REIT would be in jeopardy, which means taking this offer might be the only thing they can do. |